Brent drops to $106, WTI to $101 as fragile Iran ceasefire, Trump-Xi summit fuel market uncertainty An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France. PHOTO: REUTERS Oil prices fell on Wednesday, snapping a three-day rally as investors awaited developments around the fragile Middle East…
U.S. President Donald Trump speaks to the press, ahead of departing the White House for Joint Base Andrews en route to Beijing, China, in Washington, DC, US, May 12, 2026. PHOTO: REUTERS US President Donald Trump said on Tuesday he does not think he will need China’s help to end the war with Iran, even as…
Directs provincial and district authorities to remain on high alert and ensure emergency preparedness measures ISLAMABAD: The National Disaster Management Authority on Tuesday issued a detailed weather outlook for May 12 to 17, warning of widespread rain, thunderstorms, hailstorms, flash floods and landslides in several parts of the country. It directed provincial and district authorities…
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a mixed yet largely negative session as investors remained cautious amid geopolitical uncertainty surrounding US-Iran peace negotiations. After commencing trading on a firm footing, the benchmark KSE-100 index moved higher in early trade as renewed buying interest pushed the market to the intra-day high of 171,571.56…
SBP says IMF Executive Board has also approved disbursement of second tranche of SDR 154 million under RSF The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO:…
In regions such as the Tirah Valley and parts of Waziristan, multiple police posts remain vacant PESHAWAR: The Khyber-Pakhtunkhwa (K-P) Police has identified more than 100 vulnerable and dilapidated check posts across southern districts and former tribal areas, urging the provincial government to prioritize their reconstruction and fortification in the upcoming budget. According to official…
LAHORE: Federal Minister for Energy (Power Division) Awais Ahmed Khan Leghari on Tuesday announced that no new imported fuel-based Independent Power Producers (IPPs) would be established in the country, while the government plans to shift 10 million electricity consumers to Advanced Metering Infrastructure (AMI) meters during the current year. Addressing a workshop on power-sector fundamentals…
. NEW YORK: A trial this week opened on Polish airline LOT’s lawsuit against Boeing over lost revenue due to a 20-month grounding of the 737 MAX following two deadly crashes. The Polish carrier is seeking “no less than $250 million” for lost income during the 2019-20 grounding due to “Boeing’s purposeful and negligent false…
. MOSCOW: The Kremlin said Tuesday there was no concrete plan to end the Ukraine war, days after Russian leader Vladimir Putin suggested Europe’s worst conflict since WWII could be winding down. Moscow and Kyiv resumed attacks overnight after the end of a three-day ceasefire proclaimed by US President Donald Trump, which each side accused…
. ACCRA: Ghana on Tuesday announced it was evacuating 300 citizens from South Africa, after an upsurge in xenophobic incidents across the country in recent weeks. In a message posted on X, Foreign Minister Samuel Okudzeto Ablakwa said President John Dramani Mahama had approved the operation. “These distressed Ghanaians had earlier complied with the Foreign…